LCS Area Board Running a business © LCS Area Board – v2.2
Mar 26, 2015
LCS Area Board
Running a business
© LCS Area Board – v2.2
LCS Area Board
Today’s agenda
To answer your questions:What is CP?Why bovver?What should we do?How do we do it?
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Who am I?
Name Email/mobile no. Job, hobbies, YE
experience Who are you? Why are you doing
Company Programme?
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My role as your adviser
Share my experience Answer any questions Help guide your
direction Challenge you Counsel you
Not to make decisions – it’s your business!!
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The role of your Link Teacher
Facilitator and communicator
Has contact with all parties
Registers the company To assist with getting
school resources Day to day access
Ensures effective flow of information from YE
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Why bovver? This could be you...
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There’s a lot to be gained…
CELEBRITY CASH CAPABILITY
The more you put in, the more you get out
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Don’t just take our word for it...
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You’ve 4 big decisions to make...
1. What’s our business model?
2. What’s our idea?
3. What’s our name?
4. Who does what?
The sooner you decide, the better!
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What makes a successful business?
Clear Vision
UnityDeterminatio
n
Risk taking
Attention to detailGood financial
managementSustainability
FUN!Happy, motivated
staff
A great leader
Competitive
Great communication
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Creative business ideas
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Creative ideas don’t come easily
Do something new
Do something better
Do something different
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More advice on your idea...
Whatever your idea - think USP
What skills or passions do you have?
Product or service? What market are you
going for? Have you all agreed on
the idea?
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Who’s going to do what?
Director Title Key responsibility
Managing Director
Company Secretary
Finance Director
Operations Director
HR Director
Sales Director
Marketing Director
IT Director
Innovative leadership
Communication between the
team
Management of all financial
issues
Product development
Skills, training and motivation
Strategy to maximise sales
Defines market and the route to
it Clarify IT needsDecide by next meeting and elect MD
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Key events
Month Event/Action
September Initial meetings, registration, open bank account
October Draw up Business, Production and Marketing Plans
November YE training event. Trade Fair
December Pre-Xmas sales opportunities; Assessment review
January Business Review; New year sales; Mid-year training
February Trade Fair; Start work on Annual Report
March Area competition; Continuing sales/trading.
April/May/June London/National finals; Continuing sales/trading.
July Liquidate company & final review
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Write a one-page Business Plan• Company Description: Ownership, location,
vision/mission
• Product or Service: Describe what you’re selling. Focus on customer benefits.
• Market Analysis: Describe your market, customer needs, where they are, how to reach them
• Strategy and Implementation: How you’ll go about it. Include actions, responsibilities, timelines and budget
• Management Team: Backgrounds of key team members
• Financial Plan: Profit targets, cash flow, balance sheet, break-even analysis and any assumptions
Gives you a clear sense of purpose!
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Financial
• Raising capital
• Issuing shares
• Opening bank account
• Recording financial transactions
• Online accounting
I’m here to help!
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Support materials/tools
All available to you once you register
YE CP Administration App Company Programme Kit
SCAN OF FRONT
COVER HERE
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Next steps
1. Link teacher registers company2. Read CP Kit*3. Receives passwords and site
access for online administration application*
4. Set agenda for future meetings5. Address the 4 key issues
*Only possible once you’ve registered
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Have fun and don’t panic!